Taiwan Stocks Slip on Profit-Taking, Stay Above 40,000
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Taiwan's TAIEX index dropped 134 points (0.3%) to 40,051 in morning trading, as profit-taking followed a record high. The decline was driven by losses in electronic technology stocks and negative sentiment from Wall Street, amid inflation concerns due to rising oil prices. Despite the drop, the index remains above 40,000 after a 4.6% surge on Monday, led by semiconductor stocks. Notable losers included TSMC (-1.3%), Delta Electronics (-2.2%), and Unimicron Tech (-1.1%).
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